CAT 2025 Slot 2 — QA Question 15
Profit & LossMedium
An item with a cost price of Rs. 1650 is sold at a certain discount on a fixed marked price to earn a profit of 20% on the cost price. If the discount was doubled, the profit would have been Rs. 110. The rate of discount, in percentage, at which the profit percentage would be equal to the rate of discount, is nearest to
Answer & solution
Correct answer: 14
- A12
- 14
- C16
- D18